After seven years of planning for a mixed-use building next of the Montrose Brown Line station, developer Cedar Street Companies will finally move forward with its construction.
The announcement was made on Dec. 11, just three days after the city issued a permit allowing new construction with an estimated value of $10 million at 4346 N Honore St.
It will house a ground floor retail space spanning 5,500 sq ft. and 38 rental units. Tenants can choose from one and two-bedroom floor plans with an average area of 800 sq ft. Only four off-street parking spots are slated for delivery due to the building’s proximity to the transit station.
“Using inspiration taken from the iconic ‘EL’ trains and the surrounding neighborhood, the building is clad in various textures of metal and brick as if the building was constructed over time, like a small village,” stated project designer Level Incorporated via its official website.
Dubbed Montrose Green after the community garden which it will replace, the project is going to be marketed under its developer’s FLATS apartment brand. Work is also underway on a second FLATS project in River North. To make way for an apartment building with 149 units, Cedar Street will renovate and expand the Bogardus steam gauge company building that was built in the 1920s.
Montrose Green is slated for completion by 2018.